GeoVera Insurance

What GeoVera Insurance does

GeoVera Insurance is a US specialty insurance provider focused on catastrophe risk, operating through three A.M. Best 'A' (Excellent)-rated carriers: GeoVera Insurance Company, GeoVera Specialty Insurance Company, and Coastal Select Insurance Company. Founded in 1997 in California, the company has become the largest private residential earthquake insurance provider in California, with products distributed in California, Oregon, and Washington for earthquake risk and Florida for surplus lines homeowners, landlord, vacant home, and wind-only coverage.

The company's product portfolio centers on standalone residential earthquake insurance (Single Limit, Quake Select Flex Limit, and Quake Plus+ surplus lines) sold primarily because standard homeowners policies exclude seismic damage. Core technology includes the proprietary myGeoSource platform — a mobile-friendly web application enabling 24/7 online quoting, policy purchase, account management, bill payment, and centralized claims reporting with digital payment capabilities. The claims operation is supported by CEA-certified adjusters and a network of 100+ engineers plus 13 third-party inspection firms deployed nationwide for catastrophe response.

GeoVera employs a hybrid go-to-market model combining direct-to-consumer online sales via myGeoSource, licensed retail insurance agents in CA/OR/WA, and seven wholesale broker partnerships in Florida for surplus lines products. Revenue derives from recurring insurance premiums billed monthly, semi-annually, or annually. The company is headquartered in Fairfield, CA, with an additional operations office in Chandler, AZ. Ownership has shifted through Flexpoint Ford (since 2012), and in 2024-2025 the MGA business was sold to SageSure while the carriers were combined with SafePort Insurance Company to form GeoVera Nova Holdings.

Name

GeoVera Insurance

Legal name

GeoVera Holdings, Inc.

Website

https://geovera.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

GeoVera Insurance is a US specialty insurer operating three A-rated carriers that provide residential earthquake coverage in CA, OR, and WA, and surplus lines homeowners, landlord, vacant, and wind-only products in FL, distributed direct-to-consumer online and through wholesale brokers.

Ownership category

akta.pro rank

Product category

Residential Earthquake Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industry

Landlord / Dwelling Fire (DP) Insurance (FSAJACAD)

Keywords

• Residential earthquake insurance
• Surplus lines insurance
• Homeowners insurance coverage
• Catastrophe insurance products
• Wind only insurance

Headquarters

HQ city

Fairfield

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Insurance Premium Revenue: Core revenue from homeowners paying recurring insurance premiums for earthquake, homeowners, landlord, vacant home, and wind-only insurance policies. Premiums billed on annual, semi-annual (3-pay), or monthly payment plans with auto-pay options.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

GeoVera Insurance provides standalone residential earthquake insurance policies for homeowners in California, Oregon, and Washington through its A.M. Best 'A' rated carriers (GeoVera Insurance, GeoVera Specialty, and Coastal Select). Through its specialty carrier, GeoVera also offers surplus lines homeowners, landlord, vacant home, and wind-only insurance in Florida via wholesale broker partners. Earthquake products cover dwelling, other structures, contents, loss of use, and building code upgrades, with distribution spanning direct online, appointed agents, and wholesale brokers.

Product overview

GeoVera Insurance is a specialized insurance provider consisting of three A.M. Best 'A' rated carriers: GeoVera Insurance, GeoVera Specialty Insurance Services, and Coastal Select Insurance. The company offers a portfolio of catastrophe-focused insurance products including residential earthquake insurance (Single Limit, Quake Select Flex Limit, and Quake Plus+) primarily for California, Oregon, and Washington homeowners, and surplus lines homeowners, landlord, vacant home, and wind-only insurance products for Florida homeowners. The earthquake products are offered as standalone policies since standard homeowners insurance does not cover earthquake damage. Products are distributed through agents, wholesale broker partners, and online via the myGeoSource platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Single Limit Earthquake Insurance Standalone residential earthquake insurance policy that combines dwelling, other structures, contents, loss of use, and building code upgrade coverage into one combined single limit with one deductible. Underwritten by GeoVera Insurance Company for CA, OR, and WA homeowners. Coverage limits up to $5M (CA), $2.25M (OR), and $2.5M (WA), with deductibles from 10% to 25%. Demand surge and swimming pool coverage included.
• Quake Select Flex Limit Flexible residential earthquake insurance product with customizable separate limits for each coverage type. Underwritten by Coastal Select Insurance Company for CA, OR, and WA homes built in 1925 or later. Dwelling limit up to $3.5M, eight deductible choices from 2.5% to 25%, optional swimming pool coverage, and retrofit discounts in California.
• Quake Plus+ Surplus Lines Earthquake Insurance High-limit surplus lines earthquake insurance product available in California for high-value homes, underwritten by GeoVera Specialty Insurance Company. Offers Single Limit up to $7.5M or Flex Limit Coverage A from $3.5M to $5M with deductibles 10%-25%. No slope or foundation type restrictions and includes a $100K swimming pool sublimit.
• Florida Homeowners Insurance (Surplus Lines) Surplus lines homeowners insurance product for Florida properties, covering dwelling, other structures, personal property, personal liability, loss of use, and seasonal or secondary residences. Distributed exclusively through seven preferred wholesale broker partners.
• Florida Landlord Insurance Landlord residential insurance product for Florida tenant-occupied rental properties, covering structural damage, personal belongings, loss of rental income, and premise liability. Sold exclusively through wholesale broker partners.
• Florida Vacant Home Insurance Vacant home insurance for Florida residential properties that are temporarily unoccupied, covering structural damage, attached features, other structures, and personal belongings. Sold exclusively through wholesale broker partners.
• Florida Wind Only Insurance Wind and hail residential insurance product for Florida and other coastal states (AL, LA, NC, SC, TX), covering dwelling, other structures, personal belongings, and additional living expenses. Sold exclusively through wholesale broker partners.
• QuakeInsurance.com Direct Online Channel Direct-to-consumer online portal offering earthquake insurance quotes and purchase across California, Oregon, and Washington without agent interaction, channeling the Single Limit, Quake Select, and Quake Select Flex Limit products.

Quantifiable outcome

• Get a free quote online without speaking with an agent - named 'Best Online Experience' by insurify
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core, primary and minor.

• SageSurecoreStrategic or Co-development Partner · 1 January 2026SageSure acquired GeoVera Advantage Insurance Services in January 2026 and signed agreement to acquire Gemini Financial Holdings Corp (130,000 active policies, $700M GWP, 1,500 independent agents in Florida). SageSure also secured Lloyd's coverholder status enabling underwriting through Trium Syndicate 1322.
• SafePort Insurance CompanycoreStrategic or Co-development Partner · 1 April 2024GeoVera announced combination of its insurance carriers with SafePort Insurance Company to create GeoVera Nova Holdings, aiming to drive capital efficiency and strong performance.
• Appalachian UnderwritersprimaryChannel Partner/ Reseller/ DistributorWholesale broker partner for GeoVera specialty insurance products in Florida. Phone: 888-376-9633.
• Bass UnderwritersprimaryChannel Partner/ Reseller/ DistributorWholesale broker partner for GeoVera specialty insurance products in Florida. Contact: Magda Kita, [email protected], 954-473-4488.
• Cabrillo CoastalprimaryChannel Partner/ Reseller/ DistributorWholesale broker partner for GeoVera specialty insurance products in Florida. Phone: 866-896-7233, [email protected].
• National Risk SolutionsprimaryChannel Partner/ Reseller/ DistributorWholesale broker partner for GeoVera specialty insurance products in Florida. Phone: 866-417-4855, [email protected].
• RPS (RPS Covington, RPS Florida)primaryChannel Partner/ Reseller/ DistributorWholesale broker partner for GeoVera specialty insurance products in Florida. RPS Covington: 800-256-2171. RPS Florida: Erica Ramirez, 305-521-2568.
• Southern Insurance Underwriters, Inc.primaryChannel Partner/ Reseller/ DistributorWholesale broker partner for GeoVera specialty insurance products in Florida. Phone: 678-498-4540.
• Nationwide Brokerage SolutionsprimaryChannel Partner/ Reseller/ DistributorWholesale broker partner for GeoVera specialty insurance products in Florida. Phone: 800-444-1744.
• Homesite Insurance Company of CaliforniaminorStrategic or Co-development PartnerPartnership in May 2021 to launch flexible earthquake insurance product in California through Homesite's distribution network.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Kinsale Capital Group: Excess and surplus lines specialty P&C insurer with strong catastrophe and property capabilities. Overlaps with GeoVera's surplus lines strategy in Florida and California earthquake through similar E&S distribution to wholesale brokers.
• Homesite Insurance: National personal lines carrier partnered with GeoVera since May 2021 to distribute a flexible California earthquake product through Homesite's distribution network. Comparable in sharing the residential property customer base and offering complementary earthquake coverage.

Regional players

• Citizens Property Insurance Corporation: Florida state-backed insurer of last resort for residential property, including wind coverage. Overlaps with GeoVera's Florida homeowners and wind-only segments as the residual market alternative when private carriers withdraw, influencing pricing and availability in GeoVera's Florida footprint.
• UPC Insurance: Florida-focused residential property writer operating through appointed agents with significant wind and hurricane exposure. Overlaps with GeoVera's Florida surplus lines homeowners, landlord, vacant, and wind-only product set in the same regional market.

Others

• Risk Placement Services (RPS): One of GeoVera's seven preferred wholesale broker partners in Florida, also operating in the broader E&S placement market. Comparable as a distribution channel for catastrophe-exposed property risks and a touchpoint for surplus lines flows.

Direct peers

• Heritage Insurance Holdings: Specialty personal property insurer with heavy Florida homeowners and catastrophe exposure across multiple coastal states. Directly comparable in target market (catastrophe-prone residential property), product set (homeowners, wind-only), and distribution philosophy through appointed agents.
• SageSure Insurance Managers: Specialty residential property/catastrophe MGA and carrier group that acquired GeoVera Advantage Insurance Services in January 2025. Operates the same Florida-exposed specialty property model with multi-state distribution, and is now effectively a corporate affiliate and operating partner of GeoVera.
• Universal Insurance Holdings: Florida-headquartered personal lines property insurer with significant homeowners and wind-exposed book. Directly competes in GeoVera's Florida target market with similar surplus lines appetite and a similar dependence on catastrophe-prone geographies for premium.
• Palomar Holdings: Specialty property and earthquake insurer writing residential and commercial earthquake, wind, and flood coverage across similar geographies (CA, Pacific Northwest, and hurricane-prone states). Closely matched business model as a pure-play specialty catastrophe writer with proprietary technology and direct/agent distribution.
• California Earthquake Authority (CEA): State-backed residential earthquake insurance provider in California, the primary direct competitor to GeoVera's core earthquake line. Operates in the same product category with similar distribution through participating insurers, and heads the same regulatory and policy structure that GeoVera competes against daily.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/geovera-insurance-company-inc.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GeoVera Insurance